Slide 1: Resolute Mining - Denver Gold Forum
Mell ue Vanni a oe www. resolute-lid com.au
Slide 2: Overview, 2005 results, development and exploration, outlook
Te iy Fe 7 oo Bs ion a a oe co i view oS Update on Development & Explorat Summary of 2005 Results S = S S Over oe » Outlook for Operations we
Slide 3: a y ae - rn) = S fs a. = = = o o)
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Slide 4: Operation
Operation . = & S oe 2 o > & oO y Ls Exploration
Slide 5: Capitalisation and Board of Directors
Capitalisation Board of Directors issued Shares: Unlisted Options: 228.3 million = Peter Huston —~Non Exec Ch 4.2 million » Peter Sullivan - MD 6 mth Price Range: A$1.25- $0.85 | | * Tom Ford ~Non Exec Avg Monthly T/O: 9.7 million * Bil Price —- Non Exec a a Major Shareholders Alliance Life Common F
Slide 6: 2005 results summary
Te SEED seuss, Te wy a oo 4 7 es V Qo Q ae ey a A ae ie Sa a Z @ oe ve Toe was a a seapet To e es 5 . A i ce y a DD yy 315,388 ozs Produced @ Cash Cost US$325/oz Profit after Tax: US$10.6m (A$13.9m) » Cash/Bullion: US$29.4m (A$38.7m) Total Debt: US$22.9m (A$30.2) >» Net Assets: US$126m (A$166m) » No
Slide 7: Asie
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Slide 8: 149,886 ozs at Cash Cost US$269/oz
» 149,886 ozs @ Cash Cost US$269/oz » Throughput 2.8 mtpa, Grade 1.6 g/t Au » Grade Improvement Later This Year After Cutback at Western End Completed » Mine Life of 3+ Years » Production Level ~180,000 ozs @ ~US$220/o0z
Slide 9: Garner 13m
i | | On Garner 13m woh i230 i Hie me $2000 m8 NORTHERN DOMAIN panded SEs atone) 3000 GPRSI2 72m B44 in | | GPR?40. 4m @ 47, tom GPRRIAR ain @ HN, OB GPR7Bd* 1d Go 4 BA 120 7 13800 0 SCO mates: ——————— GPRBO2- 10m @ 4.8. 10tm OPRODE bn @ 154, atin GPR 1720, 300
Slide 10: no) yi LOOM NI
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Slide 11: 165,522 ozs at Cash Cost US$375/oz
>» 165,522 ozs @ Cash Cost US$375/oz >» Throughput 5.5 mtpa, Grade 1.1 g/t Au » Open Pit Feed — Sarsfield » Underground Feed — Nolans North » Wine Life of 4 Years » Production Level ~180,000 oz pa @ ~US$325/o0z
Slide 12: Cost and Efficiency Drive Completed
» Cost and Efficiency Drive Completed with 25% Cast Per Tonne Reduction » Improving Business Plan for Operation » Focus on New Feed Sources * Low Grade Screening * Mt Wright » Extend Mine Life
Slide 13: Crush and Screen Process
>» Crush and Screen Process * Reject 80% of Crusher Feed * improve Grade 250% >» Low Grade 0.4 — 0.7g/t » 20mt Available from Pit and Stockpiles » Process ~4mtpa of Low Grade
Slide 14: Ravenswood underground operation
t impact 000 ozs on Ravenswood 3 ican Plan k Scale iné Located 15km from Ravenswood Total Resources of 970 Bul Underground Operation, ~1.Omtpa Signi M Metallurgical Drilling & Go 8 £ a £ £ g 6 / Rhyolite____.___-». Existing Drilling
Slide 15: DO ea
DO ea 7 me a
Slide 16: Resolute 80%, Govt of Mali 20%
» Resolute 80%, Govt of Mali 20% » Care and Maintenance Since Early 2001 » Significant and Robust Resource — 6.4m oz @ 3g/t » Potential for 10+ Year Operation » Positive Feasibility Completed March 2005
Slide 17: Refractory
Ref ra cto SSID i Pi Pini CF - oe ee oe oe
Slide 18: Reserve 13.6 mt, 1.8 m ozs
> Reserve 13.6 mt @ 4 g/t, 1.8 m ozs » Throughput 2.4 mipa, 87.7% recovery » Production 250,000 - 270,000 ozs pa » Average Cash Cost US$291/oz >» Capex US$82.0 million » Net Cash Return US$124.3 million » IRR 18.4% > Design and Construct 18 months
Slide 19: Long projection showing ore outline and drilling
400 mR. 200 rR. Current Pit Final Design Pit Proposed Underground ome ‘Ore Body (+ 3g/t Outline) Resolute Drilling (2004) Leng Projection (Looking West) Showing +3q/t Ore Outline & 2004 Drilling
Slide 20: Royalty and Fiscal Terms
» Royalty and Fiscal Terms » Power Costs » Hedging » Financing Package
Slide 21: Increased Commitment to Exploration
ne ey Ae increased Commitment to Exploration » Key to Adding Value at Existing Assets Budget for 2006 — US$10m Expenditures Primarily « Tanzania « Ravenswood « Mali * Ghana we
Slide 22: Bulyanhulu
4000 0 [Bulyanhulu 800000 me Gold Mine Gold Project Resolute Exploration Project
Slide 23: Ravenswood location and tenure
wing Laases Exguraton Pere ( Gousrersrowers es Ravenswood Mine Area 7 Location and Jenure
Slide 24: Location, Geology, Tenure and Prospects
a LD ins goo002t Location, Geology, Tenure & Prospects "6 Finkolo © Permit iiikiemeives
Slide 25: Beatrice South
BEATRICE SOUTH © (33.33% MINERVA £ 100%: (47.96%) eae /ALHALLA 60%)
Slide 26: Valhalla uranium deposit
-100mRL -200mRL 531 3.55 21,31 At i 1 67 MINERALISED ZONE 3m] 2. 93. incl.13.5. .2m| 9, 10. -300mRL -400mRL - VALHALLA 10200mE URANHIM DEPOSIT
Slide 27: 50% JV Interest - Summit Resources
ae ay — - a — « 50% JV Interest - Summit Resources Total Resource 30,000t U,O * Valhalla and Skal Deposits Dormant Assets » Mt Isa Uranium JV, Qld » Exploration JV’s, NT » Spin Out Float ae
Slide 28: ice
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